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Monthly Archives: July 2015
Real job creator: renewable energy and smarter technology
As Nick Hanauer so ably points out, a few people getting exorbitantly wealthy for short periods on asset bubbles that repeatedly implode is no way to create sustainable jobs and economic growth. In the end, bubble prices crash again, and … Continue reading
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Blind faith in central planners now in retreat
On a long list of historically reliable metrics, the present global asset bubble is in the top 3 most extreme financial episodes of the past 100 years, surpassing 1929, 2000 and 2007. There is no question that we will be … Continue reading
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A secular look at oil and the loonie
Today oil took another drubbing with most other commodities, as the slowing global economy met systemic shocks from collapsing speculative frenzy in China and a surprise “No” in Greece. As dramatic as drops have been so far, it is possible … Continue reading
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